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Mobile money agents demand insurance from telecoms companies

The Mobile Money Agents Association of Ghana (MMAAG) is asking their respective telecommunication companies on the mobile money platform to  insure them. Speaking to the Ghana News Agency on Friday, the executive members of MMAAG, said the mobile money business was a risky one and therefore the need for the formulation …

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All cocoa farmers to be registered under proposed pension scheme

Mr. Geoffrey Sam, the Ashanti Regional Extension Officer of the Cocoa Health Extension Division (CHED of COCOBOD), has announced a nationwide registration of all members of Cocoa farmer cooperatives. This he said is to facilitate a database for the deduction of farmer’s contributions, ahead of the implementation of farmers Pension …

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UT Life changes name to miLife Insurance

Management of UT Life Insurance on Wednesday announced the rebranding of the company to miLife Insurance Company Limited. The rebranding consisted of a new corporate brand name, a new identity, slogan and renewed focus. Mr. Kwaku Yeboah-Asuamah, the Chief Executive Officer (CEO), miLife Insurance, speaking at the event, said the …

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Forum rejects advocacy to review the Pension Law

The Forum of Public Sector Registered Pension Schemes, on Wednesday, advised the Government to resist any urge to review the Pensions Law to enable it to utilise pension funds to support private industries or housing projects. Addressing a news conference in Accra, to react to attempts by some politicians and …

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Government seeking legal backing to leverage pension fund for affordable housing

Mr Samuel Atta Akyea, the Minister of Works and Housing, has said the Government is pursuing a legislation to leverage 30 per cent of the pension funds for mortgage regime that would enable  contributors to the Social Security and National Insurance Trust to secure affordable housing. The Minister explained that …

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GNAT gives NPRA 72-hour ultimatum to release GH¢1.7b bond

The Leadership of Ghana National Association of Teachers (GNAT) has given the Management of the National Pension Regulatory Authority (NPRA) a three-day ultimatum to release their bond totalling GH¢1.7 billion. Mr David Ofori Acheampong, the General Secretary of GNAT told a press conference that the money had been with the …

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Standard Chartered, Prudential Life enter into bancassurance partnership

Prudential Life Insurance and Standard Chartered Bank have entered into a strategic bancassurance partnership to provide a one-stop shop for exclusive life insurance products to clients. The alliance puts the two institutions in a very strong position to provide a comprehensive range of products to meet all clients’ insurance needs. …

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SIC Insurance records progressive growth

The SIC Insurance Group recorded GHC161,929,753.00 as gross premium for the year ending 2017 compared to GHC160,111,229.00 the previous year, showing a marginal growth of 1.13 per cent. The Net position for the Group recorded a loss of GHC23,472,701.00 as a result of two key transactions incurred by the subsidiary …

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Life insurance products becoming popular in Ghana – GIA

Mr Edward Forkua Kyei, Managing Director of GLICO Life on Tuesday disclosed that Life Insurance products, especially funeral policy, is becoming popular in Ghana. “With these kinds of products, which we classify under insurance and investment, clients get a pay-out at a point in time so they see real benefit from their …

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Nine ex-SSNIT staff charged for causing GH¢238,888 financial loss to the state

Nine former employees of Social Security and National Insurance Trust (SSNIT) have been put before an Accra Circuit Court for forging school certificates and receiving unjustified salaries to the tune of GH¢238,888.78. They are Sylvia Ama Boh, Brenda Bannerman, Joyce Abena Donkor, Susana Okine aka Tetteh Susana, Eric Dzokoto, Javanael …

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